Visa reports rapid growth in contactless fare payments worldwide

Visa reports rapid growth in contactless fare payments worldwide

Visa has processed more than 1bn contactless fare payments on transit systems around the world over a period of 10 months, signalling “rapid growth” in the uptake of digital payment options, the card network reports. “Europe accounts for the largest share of these transactions, including over four million a day on Transport for London’s system alone, but every single region is growing; with North America already accounting for approximately one in five contactless taps on transit,” Visa says. “The rapid …